Rentokil Initial plc (LON:RTO) Receives GBX 636.80 Consensus Price Target from Analysts

Rentokil Initial plc (LON:RTO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 614 ($7.58).

RTO has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the stock an "outperform" rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a GBX 500 ($6.18) target price on shares of Rentokil Initial in a research report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 600 ($7.41) price objective on shares of Rentokil Initial in a report on Thursday, April 18th.

Insider Buying and Selling at Rentokil Initial

In other news, insider Andy M. Ransom sold 464,245 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.04), for a total transaction of £2,270,158.05 ($2,804,048.97). 1.10% of the stock is owned by corporate insiders.

Rentokil Initial Trading Down 0.4 %

LON RTO traded down GBX 1.50 ($0.02) during trading on Tuesday, hitting GBX 425 ($5.25). The stock had a trading volume of 8,247,665 shares, compared to its average volume of 10,569,469. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. The stock has a market capitalization of £10.71 billion, a price-to-earnings ratio of 2,833.33, a P/E/G ratio of 0.79 and a beta of 0.54. Rentokil Initial has a one year low of GBX 387.80 ($4.79) and a one year high of GBX 663.80 ($8.20). The stock has a 50 day simple moving average of GBX 451.40 and a 200 day simple moving average of GBX 446.08.

Rentokil Initial Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a GBX 5.93 ($0.07) dividend. This is a boost from Rentokil Initial's previous dividend of $2.75. The ex-dividend date is Thursday, April 4th. This represents a yield of 1.38%. Rentokil Initial's payout ratio is presently 6,000.00%.

Rentokil Initial Company Profile

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.